IPEX — what changed in the latest 10-Q
A section-by-section comparison of IPEX's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −17 | ~46 | 125 |
| Market risk (Item 3) | Text added/removed | +28 | −17 | ~45 | 125 |
| Controls & procedures | Text added/removed | +28 | −17 | ~45 | 125 |
| Other information | Text added/removed | +28 | −17 | ~44 | 125 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
For the Three Months Ended For the Three Months Ended For the Six Months Ended For the Six Months Ended
Basic and diluted net income per share, Class A redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
Basic and diluted net income per share, Class B non-redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 (UNAUDITED)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on marketable securities held in trust account 785,555 417,209
Weighted average shares outstanding of Class A redeemable ordinary shares 8,625,000 4,360,955
Weighted average shares outstanding of Class A non-redeemable ordinary shares 2,294,375 14
Basic and diluted net income per share, Class A non-redeemable ordinary shares $0.02 $0.05
Weighted average shares outstanding of Class B non-redeemable ordinary shares 990,000 3,018,750
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-14
For the Three Months Ended For the Three Months Ended For the Six Months Ended For the Six Months Ended
Basic and diluted net income per share, Class A redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
Basic and diluted net income per share, Class B non-redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 (UNAUDITED)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on marketable securities held in trust account 785,555 417,209
Weighted average shares outstanding of Class A redeemable ordinary shares 8,625,000 4,360,955
Weighted average shares outstanding of Class A non-redeemable ordinary shares 2,294,375 14
Basic and diluted net income per share, Class A non-redeemable ordinary shares $0.02 $0.05
Weighted average shares outstanding of Class B non-redeemable ordinary shares 990,000 3,018,750
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-14
For the Three Months Ended For the Three Months Ended For the Six Months Ended For the Six Months Ended
Basic and diluted net income per share, Class A redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
Basic and diluted net income per share, Class B non-redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 (UNAUDITED)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on marketable securities held in trust account 785,555 417,209
Weighted average shares outstanding of Class A redeemable ordinary shares 8,625,000 4,360,955
Weighted average shares outstanding of Class A non-redeemable ordinary shares 2,294,375 14
Basic and diluted net income per share, Class A non-redeemable ordinary shares $0.02 $0.05
Weighted average shares outstanding of Class B non-redeemable ordinary shares 990,000 3,018,750
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-14
For the Three Months Ended For the Three Months Ended For the Six Months Ended For the Six Months Ended
Basic and diluted net income per share, Class A redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
Basic and diluted net income per share, Class B non-redeemable ordinary shares $ 0.03 $ 0.07 $ 0.05 $ 0.13
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 (UNAUDITED)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on marketable securities held in trust account 785,555 417,209
Weighted average shares outstanding of Class A redeemable ordinary shares 8,625,000 4,360,955
Weighted average shares outstanding of Class A non-redeemable ordinary shares 2,294,375 14
Basic and diluted net income per share, Class A non-redeemable ordinary shares $0.02 $0.05
Weighted average shares outstanding of Class B non-redeemable ordinary shares 990,000 3,018,750
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice